All About Pennsylvania Real Estate

By Joe Gonzalez, NMLS# 126036 (610) 739-6563
(CrossCountry Mortgage, LLC NMLS #3029)
If you are planning on purchasing a home in the near future, you need to make sure you have enough money saved up. While there are a lot of expenses that go along with purchasing a home, the biggest expense is the down payment.The common belief is that people have to put 20 percent down; however, even if you don’t have 20 percent saved up, you might still be able to purchase a home. It will depend on whether you can get a lender to provide a loan that is greater than 80 percent of the purchase price of a home. If you have a strong credit history, you may be able to get one.Getting A Loan With Less Than 20 Percent DownFirst, many lenders realize that many people do not have enough money saved up to put down 20 percent. After all, this could be tens of thousands of dollars.  Although some...
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By Joe Gonzalez, NMLS# 126036 (610) 739-6563
(CrossCountry Mortgage, LLC NMLS #3029)
Last week’s economic reporting included readings on job openings, inflation, and consumer sentiment. Weekly reports on mortgage rates and jobless claims were also released.Job Openings Increase as Employers Struggle to Fill PositionsJob openings rose in April according to the Labor Department, but workers were quitting jobs in record numbers. 9.30 million openings were reported as compared to expectations of 8.20 million job openings and 8.30 million job openings reported in March. Increasing job openings indicate a stronger post-pandemic economy as businesses and service providers return to full capacity. Employers faced multiple obstacles to filling job openings including early retirements taken during the pandemic, difficulty in finding childcare options, and continued fear of covid-...
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By David Henke, Realtor, Homes Just West of Philadelphia PA
(Long & Foster Real Estate, Inc)
Currently under contract - 1 Redtail Court West Chester PA 19382 - Welcome to this Move-In Condition Luxury End Unit 3 bedroom 2.5 bath Townhome located in Hunters Run.As you enter 1 Redtail Ct you will find the spacious living room/ dining room is set off by columns and rich molding. This light filled open space is finished with gleaming hardwood floors, plush carpeting, and high ceilings making a perfect entertaining space. Working from home is a breeze with a first floor office space featuring a 12 pane glass door just off the entry area, a convenient first floor powder room, and easy inside access to the 2 car garage.Just beyond, you will find the open kitchen / family room area. The gourmet eat-in kichen features 42" Maple cabinets, a large center island, separate pantry closet, an...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic lows. Let’s use three maps to show how this theory continues to affect the residential real estate market. Map #1 – State-by-state price appreciation reported by the Federal Housing Finance Agency (FHFA) for the first quarter of 2021 compared to the first quarter of 2020:As the map shows, certain states (colored in red) have appreciated well above the national average of 12.6%. Map #2 – The ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Some Highlights June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re thinking of buying a home, it might just help you find the stability, community, and comfort you’ve been searching for over the past year. Let’s connect today to determine if homeownership is the right next step for you. Bottom Line What best fits your real estate goals right now - buy, sell, perhaps both? With years of area knowledge, repeat clients, trusted service and personalized guidance each step of the way, we find the solution(s) customized to your needs - growing family space, single or multi-generational residence, remote workplace, relocation, retirement, vacation or investment. Your Home Sweet Home is waiting.  Contact Kris Collis now, your...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Are you clamoring for extra rooms or a more functional floorplan in your house? Maybe it’s time to make a move. If you’ll be able to work remotely for the long-term or your overall needs have simply changed, it’s a great time to sell your house and move up. Why? With mortgage rates in their favor and higher-priced home sales powering more moves across the country, sellers in today’s market are finding the space they need (and have always dreamed of) by purchasing a home in the upper end of the housing market. With so few homes available for sale and high demand from today’s homebuyers, sellers are profiting in major ways this season. Bidding wars are gaining traction, driving up the sale price of more and more homes throughout the country. This means sellers are able to leverage extra c...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
This year, Americans are moving for a variety of reasons. The health crisis has truly reshaped our lifestyles and our needs. Spending so much more time in our current homes has driven many people to reconsider what homeownership means and what they find most valuable in their living spaces. According to the 2020 Annual National Movers Study: “For customers who cited COVID-19 as an influence on their move in 2020, the top reasons associated with COVID-19 were concerns for personal and family health and wellbeing (60%); desires to be closer to family (59%); 57% moved due to changes in employment status or work arrangement (including the ability to work remotely); and 53% desired a lifestyle change or improvement of quality of life.” With a new perspective on homeownership, here are some o...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years. As National Homeownership Month kicks off this June, homeowners have every reason to celebrate. A survey by Gallup just ranked real estate as the best investment you can make for the eighth year in a row. However, unlike other investment options, the benefits of owning a home aren’t purely financial. Here are the top ways Americans are winning by owning a home. Non-Financial Benefits: 1. Civic Participation: Owning a home is owning a part of your neighborhood. Homeowners ...
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By Joe Gonzalez, NMLS# 126036 (610) 739-6563
(CrossCountry Mortgage, LLC NMLS #3029)
When a homeowner is preparing to sell a home, it can be beneficial to determine the target audience that is most likely to be interested in the property as an important initial step. In some cases, it is advantageous for a homeowner to position a home as a great rental property or investment property, but this requires the right strategy. By adopting a few niche marketing steps, homeowners can work with their trusted real estate agent to market a property appropriately.Create A Cash Flow SheetBuyers who are searching for a rental or investment property are looking for a return on their investment in most cases, and they also may want to see how large of a down payment is needed in order for the property to realistically turn a profit. A real estate agent can work with a property owner t...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. However, it hasn’t rattled the world economy. It seems that a year later, things are slowly getting back to normal for many companies. Why is there a drastic difference between 2008 and now? In a post from RealtyTrac, they explain: “We changed the rules. We told banks they needed more reserves and that they could no longer underwrite toxic mortgages. It turns out that regulation — properly done — can help us navigate financial ...
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By Joe Gonzalez, NMLS# 126036 (610) 739-6563
(CrossCountry Mortgage, LLC NMLS #3029)
With COVID and social distancing keeping people apart, buying a home in person has become a real challenge. Digital tools and online presentations of homes for sale have ramped up in response, making it possible to see properties with both static images/photos and with “360 degree” views or interactive walkthroughs. However, these are not real-time images of the home itself. They are professionally-developed representations of a property, and a lot of software work goes into making those images marketing ready.Photographic Tools of the TradeIf a listing has included images created by a professional photographer, he or she will have used a number of resources to produce what a consumer sees. First, the camera will be a high-grade, professional unit with enhanced features in it for differ...
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By Joy Daniels
(Joy Daniels Real Estate Group, Ltd.)
Friends and clients—Even after more than a year in our frenzied market, home prices continue to soar, which is excellent news for those who own new and existing homes in our marketplace.The Case-Shiller National Home Price Index measures the average home prices in major markets across the nation—they’ve tracked that home prices rose by 13.2% year over year as of March, which had the highest annual price growth rate in almost 16 years. According to the National Association of Realtors, the median sales price for existing homes increased by 19.1% in April to $341,000.This extreme price growth is driven by a few different factors. Record-low mortgage interest rates have made purchasing homes more affordable, even considering rising home prices. Many people have taken advantage of this and ...
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By Hannah Williams, Expertise NE Philadelphia & Bucks 215-820-3376
(HomeStarr Realty)
Let's talk about Echo Beach a small Single Home Community in Bensalem Pa along the Delaware River. You will find houses of all sizes and shapes old and new. It is next to the Yacht club and also close to the Waterside development Many people do not even know that  Echo Beach is there even though there is a sign that says Echo Beach  Echo Beach is a very old community but in my professional opinion a very up-and-coming community. Each street you drive up is different than the next. Every house has its own character. Everyone waves to you and says's "Hello how are you" Such a friendly place to live.  Something rare to find in today's world.   There is a special charm about this place called Echo Beach. Maybe it is because it is so close to the Delaware River. It seems to have a magical fe...
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By Westchester Modular Homes Construction Corp, Westchester, Putnam, Rockland, Dutchess, Orange
(Westchester Modular Homes Construction Corp)
You are invited to join a LIVE VIRTUAL TOUR of our design center, factory & sample homes on June 16th 2021 @ 6:30 PM... sign up for the tour at www.vt-sign-up.com today... LIVE Q&A session right after the tour... learn everything you always wanted to know about custom designed modular homes... we will help you create your dream home... any style, size or budget... we build custom designed modular homes throughout the Northeast... PA, NJ, NY, CT, RI, NH, VT, MA, ME... contact us for a complete list of factory trained and authorized builders in your area... we work with Realtors and offer written guarantees... all of our homes carry a 2-10 home buyers warranty... this includes a 10 year structural warranty covering against any defects of all load bearing elements above the foundation...
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By Joe Gonzalez, NMLS# 126036 (610) 739-6563
(CrossCountry Mortgage, LLC NMLS #3029)
It can be a bit of a surprise if your home turns out to be valued at less than the purchase price offered, but this is the type of thing that can occur in an appraisal situation. While this can change everything from your contract to the amount of your down payment if your home has been appraised at less than you envisioned, here are some options you may want to consider.Review The Appraisal Contingency ClauseIf an appraisal contingency clause is built into the terms of your contract, this means that the terms of your contract can be re-evaluated and re-negotiated if an appraisal happens to come up short. While this is meant primarily to protect the homebuyer against a lower appraisal, it doesn’t mean that the terms of a new deal can’t be met for the good of both parties.Get A Second Ap...
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By Joe Gonzalez, NMLS# 126036 (610) 739-6563
(CrossCountry Mortgage, LLC NMLS #3029)
Last week’s economic reporting included readings on construction spending and public and private-sector employment data. Weekly reports on mortgage rates and jobless claims were also released.Census Bureau Reports Construction Sending Up by 9.8 Percent Year-Over-YearConstruction spending rose by nearly 10 percent year-over-year in April. Overall construction spending rose by $1.542 billion on a seasonally-adjusted annual basis. Construction spending rose by 0.20 percent in April, which fell short of the expected 0.50 percent reading, and was lower than the March reading of 1.0 percent growth in construction spending.Residential construction spending increased by one percent in April as compared to the March reading of 2.60 percent. Spending on single-family construction rose by 1.30 per...
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By The Jeff Rickert Team, Poconos - RSPS - The Jeff Rickert Team
(RE/MAX Property Specialists)
  Tour Inside This Lakefront Home Take an inside tour of this lakefront home in the Poocnos Take an outside tour of this lakefront home in the Poocnos5144 Woodland Ave, Pocono Pines, PA 18350MLS# PM-88245UNIQUE LAKE FRONT property ON LAKE NAOMI. The days of yore are revisited  with this original Lake Naomi property which has been meticulously maintained and refurbished beautifully to todays standards. Included in this sale is the MAIN HOME, CHARMING CARRIAGE HOUSE &  EXTRA LOT. THE LAKE VIEWS ARE EXPANSIVE .The pictures will tell the tale! Original charm has been saved along with 1930's stain glass windows. 4 bedrooms and 2 baths in main house along with the most enchanting sun room over looking the lake. Carriage house has kitchen, rec room, 2 lovely bedrooms with plenty of storage & o...
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By Joe Gonzalez, NMLS# 126036 (610) 739-6563
(CrossCountry Mortgage, LLC NMLS #3029)
When applying for a new mortgage or after closing, many may have the option to choose between a single monthly mortgage payment or smaller bi-weekly payments. There are benefits and drawbacks associated with both options, and some personal financial considerations may need to be reviewed in order to make a decision that is best for the individual. With a closer look at the pros and cons of both options, homeowners or home mortgage applicants can make a more informed decision.Easy Budget Management For SomeWith a single monthly mortgage payment, there is often a need for those who get paid two or more times per month to properly budget so that they can comfortably manage the large mortgage payment with all of their other expenses throughout the month. With bi-weekly payments, the two sma...
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By Hannah Williams, Expertise NE Philadelphia & Bucks 215-820-3376
(HomeStarr Realty)
 The times they are a-changing. We have been isolated and quarantined for so long. Wearing masks living in a kind of science-fiction-like environment. Let's face it did you ever think we would live our lives in fear of catching a deadly virus. I know I did not. I was truly scared   In 1918 There was the terrible influenza flu that killed 25 million people in the first six months this virus originated in Spain and we still get a Flu shot every year to prevent it I recently saw a news show showing that people were so relieved that this epidemic was over that it is believed that it may have sparked the mood of the Roaring Twenties. The Roaring Twenties was a time of gaiety and prosperity. Everything was going right, fashion was outrageous, yes bold and exciting and so was the music. Life w...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
1 Princeton Road in Plymouth Meeting, Montgomery County is now for sale. Open houses Saturday 6/5 and Sunday 6/6 from 10 am to 12 noon. Welcome to the newly remodeled 1 Princeton Rd. This remodeling has held nothing back, with great flow on the main floor, a large formal living room, an open plan dining room and a large kitchen with a peninsula island and eat in breakfast area. Access to the spacious backyard and pool from French doors in the dining area and slider in the breakfast area. Also enter the main floor in-law or au pair suite with full bath from the main-floor breakfast area or direct private entrance from outside, making this home a 6 bedroom, 3 full bathroom gem in a wonderful location. There is additionally a spacious family room with a fireplace that elegantly completes t...
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Pennsylvania Real Estate Agents and Real Estate Professionals